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* [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary
@ 2015-07-28 22:25 Eric Lombrozo
  2015-07-29  0:43 ` Jean-Paul Kogelman
  2015-07-29  9:59 ` Mike Hearn
  0 siblings, 2 replies; 69+ messages in thread
From: Eric Lombrozo @ 2015-07-28 22:25 UTC (permalink / raw)
  To: Bitcoin Dev

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I only got into Bitcoin in 2011, after the block size limit was already in place. After going through some more of the early history of Bitcoin to better understand the origins of this, things are starting to come into better perspective.

Initially there was no block size limit - it was thought that the fee market would naturally develop and would impose economic constraints on growth. But this hypothesis failed after a sudden influx of new uses. It was still too easy to attack the network. This idea had to wait until the network was more mature to handle things.

Enter a “temporary” anti-spam measure - a one megabyte block size limit. Let’s test this out, then increase it once we see how things work. So far so good…

Except…well:

1) We never really got to test things out…a fee market never really got created, we never got to see how fees would really work in practice.

2) Turns out the vast majority of validation nodes have little if anything to do with mining - validators do not get compensated…validation cost is externalized to the entire network.

3) Miners don’t even properly validate blocks. And the bigger the blocks get, the greater the propensity to skip this step. Oops!

4) A satisfactory mechanism for thin clients to be able to securely obtain reasonably secure, short proofs for their transactions never materialized.

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^ permalink raw reply	[flat|nested] 69+ messages in thread
* Re: [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary
@ 2015-07-31  1:25 Raystonn
  2015-07-31  3:18 ` Milly Bitcoin
  0 siblings, 1 reply; 69+ messages in thread
From: Raystonn @ 2015-07-31  1:25 UTC (permalink / raw)
  To: Milly Bitcoin; +Cc: bitcoin-dev

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^ permalink raw reply	[flat|nested] 69+ messages in thread
[parent not found: <f9e27b28-f967-45f7-bd1b-c427534ade9c@me.com>]

end of thread, other threads:[~2015-08-01 21:05 UTC | newest]

Thread overview: 69+ messages (download: mbox.gz / follow: Atom feed)
-- links below jump to the message on this page --
2015-07-28 22:25 [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary Eric Lombrozo
2015-07-29  0:43 ` Jean-Paul Kogelman
2015-07-29  0:44   ` Eric Lombrozo
2015-07-29  0:46   ` Mark Friedenbach
2015-07-29  0:55     ` Eric Lombrozo
2015-07-29  2:40       ` Eric Lombrozo
2015-07-29  3:37         ` Eric Lombrozo
2015-07-29  3:46           ` Milly Bitcoin
2015-07-29  5:17             ` Eric Lombrozo
2015-07-29 11:18         ` Thomas Zander
2015-07-29  9:59 ` Mike Hearn
2015-07-29 10:43   ` Eric Lombrozo
2015-07-29 11:15     ` Mike Hearn
2015-07-29 12:03       ` Eric Lombrozo
2015-07-29 12:13         ` Thomas Zander
2015-07-29 17:17       ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn'ttemporary Raystonn .
2015-07-29 19:56       ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary Owen
2015-07-29 20:09         ` Gregory Maxwell
2015-07-29 21:28           ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn'ttemporary Raystonn .
2015-07-29 22:11             ` Venzen Khaosan
2015-07-29 23:10               ` Raystonn .
2015-07-30  3:49                 ` Adam Back
2015-07-30  4:51                   ` Andrew LeCody
2015-07-30  8:21                     ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary Eric Lombrozo
2015-07-30  9:15                       ` Eric Lombrozo
2015-07-30 12:29                       ` Gavin
2015-07-30 12:50                         ` Pieter Wuille
2015-07-30 14:03                           ` Thomas Zander
2015-07-30 14:05                           ` Gavin Andresen
2015-07-30 14:28                             ` Pieter Wuille
2015-07-30 15:36                             ` Jorge Timón
2015-07-30 23:33                         ` Eric Lombrozo
2015-07-31  0:15                           ` Milly Bitcoin
2015-07-31 21:30                             ` Jorge Timón
2015-07-31 21:43                               ` Eric Lombrozo
2015-07-31  6:42                           ` Thomas Zander
2015-07-31 20:45                             ` Eric Lombrozo
2015-07-31 20:57                               ` Eric Lombrozo
2015-08-01 20:22                               ` John T. Winslow
2015-08-01 21:05                                 ` Pieter Wuille
2015-07-30  9:16                   ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn'ttemporary Venzen Khaosan
2015-07-30  9:38                     ` Jorge Timón
2015-07-30 13:33                       ` Venzen Khaosan
2015-07-30 14:10                         ` Jorge Timón
2015-07-30 14:52                       ` Thomas Zander
2015-07-30 15:24                         ` Bryan Bishop
2015-07-30 15:55                           ` Gavin Andresen
2015-07-30 17:24                             ` Thomas Zander
2015-07-31 15:27                             ` Bryan Bishop
2015-07-30 16:07                           ` Thomas Zander
2015-07-30 17:42                             ` Thomas Zander
2015-07-30 18:02                               ` Mark Friedenbach
2015-07-31  0:22                                 ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary Eric Lombrozo
2015-07-31  8:06                                 ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn'ttemporary Thomas Zander
2015-07-30 15:41                         ` Jorge Timón
2015-07-30  9:44             ` odinn
2015-07-29 20:23         ` [bitcoin-dev] Why Satoshi's temporary anti-spam measureisn't temporary Raystonn .
2015-07-29 11:29     ` [bitcoin-dev] Why Satoshi's temporary anti-spam measure isn't temporary Thomas Zander
2015-07-29 18:00     ` Jorge Timón
2015-07-30  7:08       ` Thomas Zander
2015-07-29 16:53   ` Gregory Maxwell
2015-07-29 17:30     ` Sriram Karra
2015-07-29 18:03     ` Mike Hearn
2015-07-29 19:53       ` Gregory Maxwell
2015-07-30 14:15         ` Thomas Zander
2015-07-30  9:05       ` odinn
2015-07-31  1:25 Raystonn
2015-07-31  3:18 ` Milly Bitcoin
     [not found] <f9e27b28-f967-45f7-bd1b-c427534ade9c@me.com>
2015-07-31 23:05 ` Jean-Paul Kogelman

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